Shares & Derivatives
Sembcorp Marine wins contracts worth US$427.6m
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  March 29, 2011
Noble Corp (NE.N) exercised options with Sembcorp Marine (SCMN.SI) to build two new harsh-environment shallow water drilling rigs for US$235 million ($296.9 million) apiece, bringing the total it has under construction to four, the company said on Monday. The new jack-up rigs are expected to be delivered by Sembcorp's Jurong Shipyard in the third quarter of 2013 and first quarter of 2014, and still leave Noble with two options to build new jack-ups. The vessels will have the capability to operate in water depths up to 400 feet (122 meters) and drill to depths of 30,000 feet. Earlier this month, Noble said it had landed contracts for six shallow-water rigs off the coast of Mexico, including four that had been idled in the U.S. Gulf of Mexico because of the lack of work. ...
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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